Nvidia shares fall 7% as board weighs CEO Jensen Huang's future after affair reports

Nvidia shares plunged in after-hours trading Wednesday following reports of CEO Jensen Huang's alleged extramarital affair with a company executive and a board meeting to discuss his future, with shares down 7.2% after dropping over 9%. The New York Times reported the affair, while The Wall Street Journal said the board is preparing to remove Huang, who co-founded the company three decades ago. Nvidia did not respond to comment requests. The board had earlier announced an investigation into whether Huang was targeted by foreign intelligence, and Huang apologized Sunday for an extramarital relationship. Huang has no clear successor, having previously stated he does not believe in succession planning. Nvidia, a key player in the AI boom, has seen shares fall 27% from their early October peak, with the decline also dragging Nasdaq 100 and S&P 500 futures down 0.9% and 0.5% respectively.